Business

November 22, 2024 4:42 PM November 22, 2024 4:42 PM

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Market Update: Sensex surges 1,961 pts, Nifty50 jumps 557 pts

Domestic benchmark equity indices today soared over two per cent, fueled by buying across sectors. The 30-share BSE Sensex surged 1,961 points, or 2.54 per cent, to close at 79,117, while the NSE Nifty50 jumped 557 points, or 2.39 per cent, to settle at 23,907. The broader market at the Bombay Stock...

November 21, 2024 8:05 PM November 21, 2024 8:05 PM

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Price stability bedrock for sustained growth: RBI Governor Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the significance of stable inflation as a foundation for sustained economic growth, improved purchasing power, and a favourable environment for investments. Speaking at the High-Level Policy Conference of Central Banks from the Global S...

November 21, 2024 5:29 PM November 21, 2024 5:29 PM

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Govt directs EPFO to ensure UAN activation for employees through Aadhaar-based OTP

The Government has directed the Employees Provident Fund Organisation (EPFO) to ensure the activation of the Universal Account Number (UAN) for employees through Aadhaar-based OTP. The Labour and Employment Ministry has directed EPFO to work in a campaign mode with employers to ensure that the maxim...

November 21, 2024 4:30 PM November 21, 2024 4:30 PM

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Sensex dips 422 pts; Nifty50 falls 169 pts

Domestic benchmark equity indices today ended with losses amid sell-off in specific stocks, persistent foreign fund outflows and weak global cues. The 30-share BSE Sensex dipped 422 points, or 0.54 percent, to close at 77,156, while the NSE Nifty50 fell 169 points, or 0.72 percent, to settle at 23,3...

November 20, 2024 10:31 PM November 20, 2024 10:31 PM

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Moody’s downgrades six Bangladeshi banks following sovereign rating cut

Global rating agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country's recent sovereign downgrade. The banks affected are BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank, and Premier Bank. Moody's has revised the outlooks on the long...

November 20, 2024 7:10 PM November 20, 2024 7:10 PM

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Oil prices rise amid escalation in geopolitical tensions

Oil prices rose today amid an escalation in geopolitical tensions. Brent Crude was trading nearly half percent up at 73 dollars and 67 cents per barrel, and WTI Crude gained over 0.8 percent to trade at 69 dollars and 95 cents per barrel when reports last came in.

November 20, 2024 5:35 PM November 20, 2024 5:35 PM

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Major Asian indices display mix trends

Major Asian indices displayed mixed trends today. China's Shanghai Composite Index gained over half percent, South Korea's Kospi rose 0.42 percent, and Hong Kong's Hang Seng Index added 0.21 percent. Meanwhile, Singapore's Straits Times index fell over 0.3 percent and Japan's Nikkei shed 0.16 percen...

November 20, 2024 4:50 PM November 20, 2024 4:50 PM

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2 out of 3 major indices ended in positive territory

Two out of three major US indices ended in positive territory yesterday, led by rally in technology stocks. The Nasdaq Composite rose 196 points, or 1.04 percent, to end at 18,987, and S&P 500 gained 23 points, or 0.4 percent, to settle at 5,917. Meanwhile, the Dow Jones Industrial Average fell ...

November 20, 2024 2:05 PM November 20, 2024 2:05 PM

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Domestic equity and financial markets closed due to Maharashtra assembly elections

Domestic equity and financial markets are closed for trading today on account of the Maharashtra assembly elections. All segments, including equity, derivatives, and securities lending and borrowing (SLB), remain closed. The public holiday is also for capital markets, futures and option divisions. &...

November 19, 2024 7:52 PM November 19, 2024 7:52 PM

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Gold, Silver surge in Indian Bullion Market

In the Indian Bullion Market, the 24 Karat Gold was trading at 1.09 per cent up at 75,900 rupees for 10 Grams while Silver 999 Fine, was also trading at 0.81 per cent up at 91,280 rupees per kilogram, a short while ago.